infoTECH News

COLUMBUS, OH, Jun 21, 2013 (Marketwired via COMTEX) --
Worthington Industries, Inc. (NYSE: WOR) announced today a plan to
consolidate its BernzOmatic hand torch manufacturing operation in
Medina, N.Y. into its existing facility in Chilton, Wis. The
consolidation is expected to reduce internal freight expense and
maximize available capacity at the Chilton facility where the Company
already manufactures BernzOmatic hand torch fuel cylinders. The
closure of the Medina operation is expected to be complete by
mid-2014 to ensure an orderly transition.

"As the transformation efforts continue across our Company, we are
committed to identifying cost savings opportunities and increasing
efficiencies. The consolidation of these facilities is an outcome of
this work," Worthington Industries Chairman and CEO John McConnell
said. "Decisions that result in displacing employees are difficult,
and are approached respectfully, with financial support and help in
finding new employment."
Worthington acquired the Medina, N.Y. operation in July 2011 when the
Company purchased the BernzOmatic business from Irwin Tool Company, a
subsidiary of Newell Rubbermaid. The facility originally opened in
1969 and currently has 174 employees. Medina employees will have the
opportunity to transfer to the Chilton facility. Severance and
outplacement services will be provided to employees who will not
continue with the Company.

About Worthington Industries
Worthington Industries is a leading
diversified metals manufacturing company with 2012 fiscal year sales
of $2.5 billion. The Columbus, Ohio based company is North America's
premier value-added steel processor and a leader in manufactured
pressure cylinders, such as propane, oxygen and helium tanks, hand
torches, refrigerant and industrial cylinders, camping cylinders,
exploration, recovery and production products for global energy
markets; scuba tanks, and compressed natural gas storage cylinders;
custom-engineered open and enclosed cabs and operator stations for
heavy mobile equipment; steel pallets and racks; and through joint
ventures, suspension grid systems for concealed and lay-in panel
ceilings, current and past model automotive service stampings, laser
welded blanks, and light gauge steel framing for commercial and
residential construction. Worthington employs approximately 10,000
people and operates 83 facilities in 11 countries.

Founded in 1955, the Company operates under a long-standing corporate
philosophy rooted in the golden rule. Earning money for its
shareholders is the first corporate goal. This philosophy serves as
an unwavering commitment to the customer, supplier, and shareholder,
and it serves as the Company's foundation for one of the strongest
employee-employer partnerships in American industry.

Safe Harbor Statement
The company wishes to take advantage of the
Safe Harbor provisions included in the Private Securities Litigation
Reform Act of 1995 ("the Act"). Statements by the company which are
not historical information constitute "forward looking statements"
within the meaning of the Act. All forward-looking statements are
subject to risks and uncertainties which could cause actual results
to differ from those projected. Factors that could cause actual
results to differ materially include risks described from time to
time in the company's filings with the Securities and Exchange
Commission.

IoT Evolution World NewsKen Briodagh, IoT Evolution World Editorial Director, gives you the download on today’s top news stories from the IoT. Visit IoTEvolutionWorld.com for all the industry news you need to get informed and grow your business.

IoT Evolution World NewsKen Briodagh, IoT Evolution World Editorial Director, gives you the download on today’s top news stories from the IoT. Visit IoTEvolutionWorld.com for all the industry news you need to get informed and grow your business.

IoT Evolution World NewsKen Briodagh, IoT Evolution World Editorial Director, gives you the download on today’s top news stories from the IoT. Visit IoTEvolutionWorld.com for all the industry news you need to get informed and grow your business.Posted Wednesday, July 1, 2015

IoT Evolution World NewsKen Briodagh, IoT Evolution World Editorial Director, gives you the download on today’s top news stories from the IoT. Visit IoTEvolutionWorld.com for all the industry news you need to get informed and grow your business.